Yes with funds available at $675,000 USD. In their announcement in January SPAC Cash in Trust was $214M and Equity Value $461M USDs.
How many millions did this deal cost? And the end prize is $675,000 !!!!!!!! And now, because the deal is not closed they are paying penalty interest, plus have mortgaged their intellectual property. Next step... woosh the carpet will be pulled right out from under them, if it is not already. Management probably won't even notice... I jumped out months ago, no point hanging around with this car crash.
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Ann: Redemptions in connection with TRCA shareholder vote, page-4
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